Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Canopy Speculator: I want the news!
Bruce Clinton : You can’t handle the news!
Yoda has gobbled up a bag at $1.15 in that flash crash. I remember the day. And to think, we’ve only just begun.
Tickets. Great Night out with mi Lady
Any Digs at the TOM Tweed Fashion Show. It’s Looking Good...Fashionable. Cheers
FYI : #74006X 8.3.2018@ 0930hrs
Thank You Very much. Not as alarming as the headline suggested. May be a reasonable approach to deal with one bill at a time. Less messy. C-45 gets focussed on, ultimately approved by Committee I predict, and then the focus goes to c-46, which right now is making out to be the more complex bill, more likely to face legal challenges. A few pragmatic quotes in the article also suggests this is going well. Cliche, for every problem there is a solution.
Canada should take the lead in this area of Driving Impairment and Cannabis. I think Its only a an immediate to short term solution to look to Drug Recognition Expert Training from America because Science is better positioned in Canada, Federally to do empirical research. What is the solution, threshold, measurement? There is still a dominant public taboo that people who use any amount cannabis are unsafe and should be confined while under its influence. Where do we go from there, scientifically. Canadian science has a Premier advantage to develop it’s own empirical evidence and not rely on these DRe’s who IMO, aren’t able to objectively do so without full Federal support for scientific research in this field.
Here’s a repost quote from the senate on c-46 on March 4
[Conservative Senator Claude Carignan has expressed serious reservations about Bill C-46, saying the best way to determine whether drivers are impaired is through certified drug recognition experts (DRE). However, the process to become a DRE is long and mostly requires training in the United States, leaving Canada with a shortage with only a few months to go before legalization.
"The solution will be to present an amendment to Bill C-46 to suspend the application of the 'per se' limits up until the moment that scientific evidence backs up their use, and to rely solely on DREs in the meantime," Mr. Carignan said.
Kyla Lee, a Vancouver-based defence lawyer, said the law would be more likely to withstand a constitutional challenge if DREs were used in every case before charges are laid.
"I believe it would be more likely to withstand Charter scrutiny," she told senators.”
https://www.theglobeandmail.com/news/politics/senate-adds-new-delay-to-ottawas-cannabis-legalization-plan/article38227907/
2hrs ago : 1900hrs EST.
Anyone have a subscription?
Experts raise concerns about Ottawa’s planned crackdown on drug-impaired drivers
https://www.theglobeandmail.com/news/politics/experts-raise-concerns-about-ottawas-planned-crackdown-on-drug-impaired-drivers/article38205510/
DANIEL LEBLANC
OTTAWA
PUBLISHED 13 HOURS AGO
UPDATED MARCH 4, 2018
Scientists and lawyers are raising a series of concerns over Ottawa's plans to combat drug-impaired driving, saying the proposed regime is not based on evidence and will struggle to withstand legal challenges.
Bill C-46, which would create new drug-impaired driving offences, is currently being studied in the Senate, where there is growing pressure on senators to amend the proposed legislation before it comes into law. The government wants the new rules in place before cannabis is legalized for recreational use, a move expected in late summer.
[...]
Conservative Senator Claude Carignan has expressed serious reservations about Bill C-46, saying the best way to determine whether drivers are impaired is through certified drug recognition experts (DRE). However, the process to become a DRE is long and mostly requires training in the United States, leaving Canada with a shortage with only a few months to go before legalization.
"The solution will be to present an amendment to Bill C-46 to suspend the application of the 'per se' limits up until the moment that scientific evidence backs up their use, and to rely solely on DREs in the meantime," Mr. Carignan said.
Kyla Lee, a Vancouver-based defence lawyer, said the law would be more likely to withstand a constitutional challenge if DREs were used in every case before charges are laid.
"I believe it would be more likely to withstand Charter scrutiny," she told senators.”
Pending News: I Hypothesize a Drug Identification Number for a Sleeping Aid. Based of Several mentions of Canopy Health, Sleeping Aid remedies and wishful thinking.
This Board page hasn’t seen this much Charting activity, bull or bear in the past three years as in the past three weeks. Though predominantly on the bear side, I must say it seems rather like cherry picking. Until Canopy had completed the heavy lifting of Uplisting onto key exchanges, increasing international and institutional exposure, the sp activities were very unpredictable and perhaps boring.
What I think is at play though is the natural phenomenon that when your on top, there will be always be a long list of stone throwing contenders, predicting your demise nonetheless. A weather forecast, like many of these charts, constantly produce very well educated guesses everyday, 24/7. Yet they only need to be right once the precipitation is on the ground or the sun is out. Like you said, I’d like to see the chart telling folks to buy before the constellations deal or short leading up to the 52wk high. That would have been great. Monumental. Instead , what I read were several posts bemoaning such a lost opportunity.
Financials will be out and based on a random guess [sub-context of Canopies aggressive growth strategy to meet 10x demand in the very near future] they may post another loss per share, which inturn may continue the bear pressures. The RSI was above 90 in the last run up and fell to below 40 in the recent correction. Surprisingly textbook. That’s it for my forecasting. I’m not very good at planning picnics or predicting weather. Can anyone chart the senate debates? Other than the daily sp movements, I think that will have the greatest impact here.
Tensions flare in Senate over marijuana-legalization bill
https://www.theglobeandmail.com/news/politics/tensions-flare-in-senate-over-marijuana-legalization-bill/article37895740/
DANIEL LEBLANC
OTTAWA
PUBLISHED 2 HOURS AGO
UPDATED FEBRUARY 7, 2018
The senator who is shepherding the federal bill to legalize cannabis through the Senate is growing impatient with the slow pace of debate, alleging the Conservative are holding up the process for partisan purposes.
"There is a sensible way [to proceed] which is that we all sit down and talk about the time frame for the debate and we bring our adult selves to the table," said Independent Senator Tony Dean, who is sponsoring the legislation in the Senate. "That is what I have been arguing for two or three months. Obviously, people prefer the traditional way that will unfold more slowly."
He said there is an increasing likelihood the government would use time allocation – also known as closure – at some point to speed up the legislative process.
The Trudeau government has yet to impose time allocation in the Senate since taking office, but it is seen as a growing possibility in this case. Bill C-45 is currently stuck at second reading in the Senate, with no timetable for its referral to committee for in-depth review.
Mr. Dean, a former senior civil servant in Ontario, said Conservative senators seem intent on using procedural tricks to drag out the debate and irk the Liberal government.
"It seems to me, through a political lens, that the Conservatives wouldn't mind seeing time allocation because they could accuse the government of cutting off debate. It really is that silly," he said. "Will it be used? I have no idea, but it may be necessary. If we in the Senate confront delay for the sake of partisan politics and not due diligence, I would support it."
The Liberal government wants Bill C-45 to be passed this spring. Once the bill receives royal assent, there will be a transition period of eight to 12 weeks before the market for recreational cannabis officially opens up, with the government aiming for legalization to occur in July.
The Conservative Leader in the Senate, Larry Smith, said in the Red Chamber this week that his caucus members will not engage in "obstructionist" tactics but simply want to voice their numerous concerns over legalization.
Bill C-45 is currently at second reading, in which senators can speak on the broad principles of the legislation.
About 20 Conservative senators have said they want to speak at this stage of the legislative process, but none have done so at this point, even though the bill has been in the chamber since November. Under Senate rules, there is no way to force senators to give their speeches within a specific time period, except for invoking time allocation.
"There are many senators who have said they want to participate in the debate, even at the second-reading stage on the principle of the legislation," Conservative MP Claude Carignan said. "Usually there are fewer people who want to speak at this stage, but given the importance of the legislation, there are many people who have something to say."
Mr. Carignan suspects the Senate will eventually adopt amendments to Bill C-45, which would have to be approved by the House of Commons. "It's impossible to have this done by May 1. At this point, finishing by the end of June is a real challenge," he said.
However, Mr. Dean said the proposed legislation could easily be adopted in coming weeks if everyone "rolls up their sleeves."
"It can be done, it should be done. Will it be done? That is a question of the degree to which partisan politics leak into this," Mr. Dean said.
Nothing To Worry About With Canopy Growth
Feb. 6, 2018 10:55 AM•TWMJF
https://seekingalpha.com/article/4143514-nothing-worry-canopy-growth
Summary
Fundamentals remain in place for Canopy Growth.
Recent correction nothing more than cannabis market taking a breather.
Medical and recreational pot market will continue to grow.
The marijuana market will continue to expand.
After a tough January, where the cannabis market corrected by over 20 percent, dragging pot stocks down with them, it gave some pause as to the ongoing viability of the sector in general, and market leader Canopy Growth (OTCPK:TWMJF) in particular.
On January 9, 2018, it was trading at over $34 per share, and plummeted to below $20 per share on February 2.
At times like that it's important to look at the fundamentals of the industry in general, and the specific company in particular, to see if there is any reason for them to drop in value so quickly.
When examining both, there is nothing to suggest the outlook for medical and recreational cannabis demand has changed, and in regard to Canopy Growth, its long-term growth prospects remain in place.
That means this is nothing more than a temporary correction in a volatile industry. It is either investors taking some profits off the table, or new investors running for cover because they don't understand the market and its accompanying volatility. More than likely it's a combination of both.
I draw that conclusion because none of the fundamentals associated with the cannabis sector in general, or Canopy Growth have changed.
LEGALIZED MARIJUANA
Regulatory lag to push legal marijuana to late summer
https://www.theglobeandmail.com/news/politics/regulatory-lag-to-push-legal-marijuana-to-late-summer/article37871180/
DANIEL LEBLANC AND CHRISTINA PELLEGRINI
PUBLISHED FEBRUARY 6, 2018
UPDATED 8 HOURS AGO
Canadians will have to wait until late in the summer before they will be able to legally consume cannabis under a new timeline laid out by the federal government – even if the Senate votes in favour of the legislation by May or June.
Can someone here verify wether this is or is not a Canopy Growth Corporation venture before I copy and paste this article into investor relations?
I think this is misleading. And I’m now slightly confused . This article is directly associating Canopy Ventures in Boulder Colorado, with Canopy Growth Corporation headquartered in smiths Falls? I don’t think that is so?
Senate to have special hearing on marijuana legalization
Rachel Aiello, Ottawa News Bureau Online Producer
@rachaiello
Published Monday, February 5, 2018 10:49AM EST
https://www.ctvnews.ca/politics/senate-to-have-special-hearing-on-marijuana-legalization-1.3789943
OTTAWA – The Senate is holding a special televised hearing to question the government's lead team on the marijuana bill as the countdown to legalization hits the five-month mark.
On Tuesday, the Senate will meet in a committee of the whole, to question the slate of Liberal ministers responsible for the major policy change proposed in Bill C-45.
Justice Minister Jody Wilson-Raybould, Health Minister Ginette Petitpas Taylor, Public Safety Minister Ralph Goodale, and justice and health parliamentary secretary Bill Blair will appear and take questions from Senators.
The federal marijuana legalization legislation would allow adults in Canada to possess and use small amounts of recreational marijuana legally. It sets out the parameters around the production, possession, safety standards, distribution, and sale of marijuana. It also creates new Criminal Code offences for selling marijuana to minors. The proposed federal law spells out that it will be illegal for anyone younger than 18 to buy pot, but is leaving it up to the provinces and territories to set a higher age.
A Senate committee of the whole is a special proceeding that lets all senators meet at once to consider legislation or other often time-sensitive matter.
Last few months, “flip mode is the squad that controls the [sector]! Woohaa! Got you all in check!”
The Senate. ( Highlight Senator Harders response @ 1620 hrs / 4:20pm none the less. Tuesday, February 6,2018 is the next time we should be hearing from this Motion)
Motion to Resolve into Committee of the Whole to Consider Subject Matter of Bill C-45—Debate Adjourned
https://www.sencanada.ca/en/sencaplus/news/cannabis-act/
Hon. Dennis Glen Patterson, pursuant to notice of January 31, 2018, moved:
That, without affecting the progress of any proceedings relating to Bill C-45, An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, at 3:30 p.m. on Wednesday, February 7, 2018, the Senate resolve itself into a Committee of the Whole to consider the subject matter of the bill;
That the committee receive the Honourable Carolyn Bennett, P.C., M.P., Minister of Crown-Indigenous Relations and Northern Affairs;
That the witness be accompanied by officials;
That the Committee of the Whole report to the Senate no later than two hours after it begins;
That television cameras and photographers be authorized in the Senate Chamber to broadcast and photograph the proceedings with the least possible disruption of the proceedings;
That the provisions of the order of February 4, 2016, respecting the time of adjournment, be suspended on Wednesday, February 7, 2018, until the Committee of the Whole has reported; and
That the provisions of rule 3-3(1) be suspended on Wednesday, February 7, 2018.
He said: Honourable senators, I’m proposing to invite Minister Bennett to join the debate on this very important social issue that is of concern in my region of Nunavut, particularly by indigenous persons who make up 85 per cent of the population. This is because of Article 32 of the Nunavut Land Claims Agreement, which defines that the Inuit of Nunavut have a right to participate in the development of social and cultural policies and the design of social and cultural programs and services, including their delivery within the Nunavut settlement area.
This is a solemn government obligation in the constitutionally protected Nunavut Land Claims Agreement.
At their recent annual general meeting, Nunavut Tungavik, which is the organization that represents Inuit in the implementation of their land claim, expressed very strong concerns that they had not been consulted whatsoever in the development of the legislation to legalize cannabis, which has been described as transformative social change.
I did raise this issue with the Government Representative in the Senate in Question Period, and he informed me that the Government of Canada had consulted with Inuit Tapiriit Kanatami, the Ottawa-based national Inuit organization. I had occasion, this past Tuesday, to ask the president of ITK, Natan Obed, who was in our committee, about this very issue. He specifically acknowledged the obligation of Canada to consult the Inuit of Nunavut through NTI and its social development council. He specifically said, in answer to my question about that issue:
. . . it is misinformed to say that a conversation or two with Inuit Tapiriit Kanatami is a substitute for broad consultation on such a huge issue.
Minister Bennett is the Minister Responsible for Crown-Indigenous Relations. She is actively engaged in consultations with indigenous organizations on the new relationship. She is responsible for the Northern program. She is also responsible for the implementation of the Nunavut Land Claims Agreement.
This is why I’m proposing that Minister Bennett participate in a Committee of the Whole. I know that the primary issue may be health and criminal law concerns. But there is an issue of consultation I do want to address, and I think she’s the minister who should be addressed.
As you know, the Aboriginal Peoples Committee has also identified specific issues relating to Aboriginal Peoples that they want to be studied, and there may be some other issues that might be raised of the Minister Responsible for Indigenous Affairs.
That’s why I’d like to ask your support to have Minister Bennett present to address what I think are these unique issues relating to Aboriginal people.
Hon. Peter Harder (Government Representative in the Senate): Honourable senators, I’d like to speak to the motion that is before us.
The Hon. the Speaker: Before you speak, Senator Harder, I saw another senator rising.
[Translation]
Senator Moncion, did you wish to ask a question or speak?
Hon. Lucie Moncion: I would like to ask Senator Patterson a question.
[English]
The Hon. the Speaker: So may we interrupt you, Senator Harder?
Senator Moncion: My question is about the date and the time. Usually, on Wednesdays, we have committees that start at 4:15. You’re asking that this committee be held on the February 7, which is the day after we have the plenary committee meeting, on February 6. This is a Wednesday, and you’re asking that it be at 3:30.
I understand the importance of meeting Minister Bennett, and I understand the issues that are pertaining to the Aboriginal people. I would like to have that plenary session, but why Wednesday, and why the February 7?
Senator Patterson: I thought that was the day that the other ministers were present, Your Honour. I may be misinformed on that.
The Hon. the Speaker: It is the day before, Senator Patterson, February 6.
Senator Patterson: Okay. So you’ve caught me unprepared to answer that question. Perhaps another time might be found in light of that problem. I guess that would leave us half an hour to debate with the minister.
The Hon. the Speaker: Senator Harder, do you still wish to speak?
Senator Harder: Yes, I do. I would like to speak to the motion before us.
(1620)
Honourable senators, I’m aware that there is considerable interest from all sides of this chamber with respect to the government’s engagement with indigenous partners on this matter of cannabis legislation, and the concerns obviously include economic development opportunities, harm reduction measures and policing. In that context, I very much welcome the motion by Senator Dyck earlier today with regard to the possible study by the Aboriginal Affairs Committee.
The government certainly welcomes senators’ interest on this matter. As I indicated in the debate on the motion before Christmas, with respect to Tuesday’s scheduled meeting of the Committee of the Whole, I’m open to exploring how the Senate can best conduct its study of Bill C-45 and associated issues. However, I would like to clarify that this government has taken a whole-of-government approach to engagement with our indigenous partners. It is not the Minister of Crown-Indigenous Relations and Northern Affairs who would necessarily deal with all matters pertaining to indigenous communities. Such consultations often go through the minister and department responsible for a particular subject matter.
For example, in the case of consultation within indigenous partners on fisheries, those consultations would occur under the Minister of Fisheries and Oceans and the Canadian Coast Guard. In the case of consultations on development projects affecting indigenous communities, such engagement would generally involve the Minister of Environment and Climate Change.
In the case of the legalization of cannabis, I can clarify that the Minister of Health is responsible for engagement with indigenous partners. And as you know, senators, on Tuesday, February 6, we will be hearing from Minister Petitpas Taylor along with the Minister of Justice, the Minister of Public Safety and Emergency Preparedness and the Parliamentary Secretary to both the Minister of Justice and the Minister of Health on this subject matter, including on the government’s indigenous engagement on cannabis legislation.
I therefore think it would be premature to propose to receive Minister Bennett at this stage, not having actually heard from the minister responsible for the subject matter of interest, that being the Minister of Health.
I would therefore propose that we keep the conversation going on the best approach to the Senate conducting its due diligence on this matter, but that we first hear from the Minister of Health and other ministers responsible for Bill C-45 and see what they have to say on this important matter.
I would also note the importance of going through usual channels on matters such as this, usual channels meaning discussions amongst leaders which is the basis on which the Committee of the Whole to which we agreed took place, so that we can be assured that ministers are available and the appropriate time and mutually respectful engagement with those we call before us can be assured.
So with these considerations in mind and reiterating that I would hope that we can keep this conversation going through usual channels, I would therefore ask to adjourn debate for the remainder of my time until the Senate has conducted its currently scheduled Committee of the Whole and heard from the minister responsible for the subject matter of interest. Thank you.
Hon. Serge Joyal: Would the honourable senator accept a question?
Senator Harder: Certainly.
Senator Joyal: Thank you, Senator Harder.
As a matter of fact, this morning, as you might know, the Legal and Constitutional Affairs Committee met with the Minister of Justice and the Minister of Public Safety in relation to Bill C-46, which is another aspect of the same objective of the government in relation to cannabis. I asked the Minister of Public Safety specifically what kind of consultations have taken place with the representative of the Aboriginal people. So you might want to review the report of the committee from this morning.
You will also remember, Senator Harder, that I raised this issue when you first made the proposal, and I think you made a commitment that there was an openness on behalf of the government to have the Minister of Crown-Indigenous Relations and Northern Affairs in relation to the overall consultation. There are many aspects to the cannabis legislation that need to be reviewed and whereby Aboriginal people have an interest. Members of the committee raised some of the issues this morning and yesterday.
May I suggest that those discussions take place within the context of the commitment that you had made that we as a house would have an opportunity as a whole to review the overall situation with Aboriginal people in relation to the proposed cannabis legislation?
Senator Harder: Thank you, Senator Joyal. I make the commitment, as I have before, and I stated this afternoon that I’m happy to discuss how the issues of concern can be dealt with as we move forward. I just think they should go through, first, a sequencing that is appropriate and through the usual channels to ensure the coherence of our efforts.
(On motion of Senator Harder, debate adjourned.)
(At 4:26 p.m., the Senate was continued until Tuesday, February 6, 2018, at 2 p.m.)
What I’m hearing is the Senate member sponsoring the bill, after being asked several times by other senators to discuss facets of bill c45, has declined because, on February 6, 2018, the senate is expecting to have a consultation with the 4 Government ministers responsible for it.
One Thousand- Four Hundred Seventy Two Deaths from Street Drug overdose in BC 2017 as reported by the provincial Coroner. Besides the fact that a bunch of bank accounts may become fairly wealthy, there is a greater public service and good in this Legalization movement. The Science and the Evidence is pouring in and STILL a certain sector of society insists on prohibition. Seems to be Creationism and Prohibition go hand in hand these days.
This Company is at the forefront of an Evolution of Canadian Society. The Senate has the ball in their court and those that have had their heads in the sand had better pull up and pay attention. Moonshine will make people go blind and Fentanyl in micro doses kills people.
This is about People, Education, Regulated Supply Chains and some Variation of Freedom. My ear to the ground is on the political process at hand. Very crucial. The share price will act accordingly. My cudos goes to the folks that bought an empty abandoned chocolate factory in small town Ontario, and the people who invested in that vision. Market movers will do what they do in whatever industry, no meaningful investment.
Error. I had posted that article in error. Not Canopy Growth Corporation, rather another U.S.A entity with a similar moniker. Thank Mods for removing it.
Quote:
I see that todays' news of their (upcoming) 50 million dollar infusion into start-ups,
didn't help them at all.
But I liked how they advertised that it was an "upcoming" infusion,
since it inferred that they're expecting - a revaluation of the entire marijuana sector ! . . . .
Q3 2017
Rev 18-20m
Canopy is in Q4 now Til March 31
Im interested to see the News-Numbers that will come from California next week Thursday, February 1st regarding California sales. nearly 1:1 correlation to Canadian Population. I think lot of valid speculative figures can be extrapolated from there.
From There, the senate discussions are expected in the coming weeks. Without taking anything for granted in politics, I will be listening and reading intently.
Feb 14, Canopy Q3 results. Expecting an eps loss because of growth investments. Last quarter was 1 mil. Coated in Satire. It has been suggested that very near all 2017 inventory will be sold this year. Thats another interesting comparison point.
#69256x 01/27/18 @ 1500hrs
* except the stz deal, quite the opposite
Industry related - *Aphria is buying Broken coast for $230m
Tweed donates over $34,000 to Smiths Falls’ Station Theatre
NEWS Jan 11, 2018 by Evelyn Harford Smiths Falls Record News
https://www.insideottawavalley.com/news-story/8047771-tweed-donates-over-34-000-to-smiths-falls-station-theatre/
he Smiths Falls Station Theatre applauds Tweed’s large donation made to the local community theatre.
Canopy Growth Corporation's Chairman and CEO, Bruce Linton, presented a cheque for $34,521.38 to the theatre on Thursday, Jan. 11.
David Hoffman, vice chair of Station Theatre’s board, said he’s absolutely delighted by the surprise donation.
“It’s going to allow us to do a lot of capital type things ... as well as expand our promotion capabilities,” he said. “We have a lot of things in mind, for the possible improvement – the lighting, the sound.
Mr. NowWhat. Curious. I get charts and technicals. I like patterns, vague predictions and broad expectations. But what I like more are Financials. I think they paint a more accurate and in-depth picture of what’s going on in a Corporation and where it might be heading.
Here’s my prediction: Canopy Growth Corporations Quarterly Financials will mirror STZ in the near future, say 3-6 quarters.
Quote “Constellation's profit for the quarter ended Nov. 30 was $491.1 million, up from $405.9 million a year ago. Net sales were flat at $1.8 billion and missed Wall Street's expectations. The company also cautioned that wine and spirit volumes for the year would be at the low end of its previous forecast, which predicted a decline of 4% to 6%.
I think these numbers are quite impressive. Projecting 1.6 b in PROFITS annually. What does a chart say that is worth? What is your Canopy chart projection with numbers like this?
Year End March 31, 2018 : (non-venture) q3 filings Due February 14, 2018
http://www.osc.gov.on.ca/en/Companies_filing-calendar_index.htm
First IHub TWD.V post - 3/19/14
TWD.v ipo - April 4, 2014
I don’t think this price movement is based on sales numbers. There are pretty good estimates right here on this board. Averaging ~ 1400 orders per day, $150 avg order , ~ 18 - 20 mil on the quarter? A lot of these numbers are sourced either from this ihub page with order numbers or health Canada’s trailing statistics on the industry. The price action I think , is based on: #1. The exponential growth of the medical market, double digits q over q and triple digits y over y since inception and the Global opportunities ahead of it, and #2, the obvious, a 5 billion Canadian dollar market potential on the other side of Legalization.
The opportunity is there for the taking. I’m invested in Canopy because of the Management. AAA, Stellar.
These share prices are not based on today’s earnings, rather future earnings potential. And when I take a stock of that future potential, near and long term, those numbers amaze me far more than today’s SP, although I must say in regards to today’s close, WOW.
For the fun of it, what are your paper napkin calculations for Canopy FY 2019?
Here’s my own. 20% of Canadian Rec = 1 b rev. 20% margin = 200mil or $1 per share.
With that in mind,I’m very happy holding, even at these prices.
Please , someone correct this math.
I have muted expectations of Germany, for now. Posters on this Board, at least one on the Ground in Germany have indicated although a strong reception, a slow uptake. Germany seems to be where Canada was ~ 2003. Very few registered patients and few doctors willing to issue scrips. Nevertheless, Canopy is also on the ground doing its work with Doctor Education and whole host of other initiatives with Spektrum. I would anticipate Germany / EU to be the “second wave” following Canada’s recreational Legalization initiative. I could be wrong with my timeline prediction. I have been very wrong so far. Everything Could happen much sooner.
Cowen Increases Canopy Growth (WEED) Price Target to C$44.00
Monday, January 8th, 2018
Renee Jackson
https://www.thecerbatgem.com/2018/01/08/cowen-increases-canopy-growth-weed-price-target-to-c44-00.html
Canopy Growth (TSE:WEED) had its price objective upped by Cowen from C$24.00 to C$44.00 in a research note issued to investors on Monday. Cowen’s price objective indicates a potential upside of 29.41% from the stock’s current price.
A number of other equities analysts have also weighed in on WEED. Canaccord Genuity lowered shares of Canopy Growth from a “hold” rating to a “sell” rating and increased their target price for the stock from C$9.50 to C$11.00 in a research report on Thursday, October 12th. Beacon Securities lowered shares of Canopy Growth from a “buy” rating to a “hold” rating and set a C$16.50 target price for the company. in a research report on Monday, November 13th. Finally, Eight Capital increased their target price on shares of Canopy Growth from C$12.00 to C$18.00 in a research report on Wednesday, November 1st.
Tweed Main Street , it’s your time to shine. The evolution of Better by Tweed
The Saskatchewan government has announced marijuana will be sold by private companies after the drug is federally legalized.
Gene Makowsky, the minister responsible for the Saskatchewan Liquor and Gaming Authority (SLGA), said the move was made under a tough deadline. The federal government is pushing for a legalization date of July 1.
http://www.cbc.ca/news/canada/saskatoon/marijuana-sold-private-retailers-sask-1.4477498
The small eastern Ontario town of Smiths Falls is home to one of the world's largest legal marijuana companies. But when pot becomes legal across Canada this summer, the provincial government won't allow Canopy Growth Corp. to open a retail pot outlet at its plant.
http://www.cbc.ca/news/canada/toronto/smiths-falls-marijuana-pot-canopy-growth-corp-1.4474580
#66898x Jan 8
No Guru Here. Passive observation. There’s been a lot going on I don’t understand quite well as yet. There is plenty out of the fool I disagree with. Paper Napkin valuations really have my attention these days.
Canadian Market, 5 -6 billion estimate , not including ancillary at 20b estimate from Deloitte.
30% market share at the lower levels ,
30% margins at the lower levels.
200million outstanding shares = an eps of ...
Not including any foreign markets.
Historically, Canopy seems to always take it on the cheek around financials. Feb 2018. My logic says that may continue. But I can tell you first hand, the buying pressure has not and leading up to Legalization, will not , in my opinion , subside. The downside that may come is to be played accordingly. Market and Money movers make these plays regardless of the sp, just on momentum alone.
Can Anything Deflate Cannabis Stocks Before Legalization?
The Motley Fool Ambrose O'Callaghan,The Motley Fool 2 hours 30 minutes ago
https://ca.yahoo.com/finance/news/anything-deflate-cannabis-stocks-legalization-153308097.html
Why the Marijuana Industry May Be About to Sink Lower!
The Motley Fool Ryan Goldsman,The Motley Fool 19 hours ago
https://ca.yahoo.com/finance/news/why-marijuana-industry-may-sink-220339471.html